Aussie PM faces flak for buying waterfront home

Albanese brushed off criticisms on Wednesday when questioned by reporters about concerns raised

Australian Prime Minister Anthony Albanese has been criticized for buying a multimillion-dollar waterfront home during a national housing crisis with federal elections just months away.

Critics argue that the purchase of the 4.3 million Australian dollar ($2.9 million) clifftop home at Copacabana, north of his hometown of Sydney, made him appear out of touch with many Australians who are struggling to buy or rent a home due to elevated interest rates, rising prices and limited supply.

Albanese brushed off criticisms on Wednesday when questioned by reporters about concerns raised.

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